Smith & Williamson Fund Administration (SWFAL), part of Tilney Smith & Williamson, is to act as Authorised Corporate Director (ACD) for seven Brooks Macdonald funds valuing £1 billion in total.

SWFAL is already ACD for 11 funds run by Cornelian Asset Managers which was acquired by Brooks Macdonald in November 2019.

The deal will see the existing Cornelian book retained while also providing an extra £1 billion of funds under administration for SWFAL under the Brooks M...